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9h ago

Godrej Properties Sells 683 Homes for Over Rs 1,000 Crore at New Hyderabad Project

The early tally reflects a strategy of pairing large launches with a growing Hyderabad land pipeline.

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Godrej Properties shares update on Hyderabad project Godrej Regal Pavilion; key details
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Godrej Properties Ltd said on August 25 that it has sold as many as 683 housing units worth over ₹1,000 crore in its project in Hyderabad. (Photo for representational purposes only)

Overview

  • The company disclosed that 683 units totaling about 1.20 million square feet were sold at launch for more than Rs 1,000 crore.
  • Godrej Regal Pavilion is located in Rajendra Nagar and has 4.14 million square feet of developable area, with the company indicating revenue potential of Rs 3,600 crore and some reports citing Rs 3,800 crore.
  • This is the developer’s second Hyderabad launch this year to cross the Rs 1,000 crore sales mark at launch.
  • Godrej Properties recently acquired a 7.82-acre Hyderabad parcel through auction for Rs 548 crore to support future development.
  • MD and CEO Gaurav Pandey said the response shows growing preference for trusted, branded residences and confidence in Hyderabad’s growth prospects.